Registered Retirement Savings Plan (RRSP)/
Locked-In Retirement Accounts (LIRA)
- Transfer from other institutions and pension rollovers easily arranged.
- FREE descriptive statement provided semi-annually.
- Transfer out fees apply
A) Guaranteed Fixed Term
- $500 minimum deposit.
- Highly competitive interest rates.
- 1 year redeemable term is redeemable after 90 days without penalty.
- Terms of 1 to 7 years, non-redeemable/non-transferable prior to maturity.
- Interest compounded annually on anniversary.
- RRSPs are guaranteed 100% without limit through Credit Union Deposit
- Guarantee Corporation.
- Ask for details.
B) Variable RRSP
- Interest calculated on daily closing balance.
- No minimum deposit.
- No waiting period, no penalties for early withdrawal after 30 days.
- Rate of interest varies with current rates and is always competitive.
- Interest compounded annually on December 31.
- RRSPs are guaranteed 100% without limit through Credit Union Deposit Guarantee Corporation.
- FREE automatic deposits available.
C) Flexi-Plus RRSP
- Highly competitive rate of interest; calculated on daily closing balance.
- Interest compounded annually on December 31.
- Non-redeemable/non-transferable within 1 year of last deposit.
- FREE automatic deposits available.
- Transferable within Crosstown Civic Credit Union to a 1 year or longer term RRSP anytime.
- RRSPs are guaranteed 100% without limit through Credit Union Deposit Guarantee Corporation.